18:07:29 EDT Sun 12 May 2024
Enter Symbol
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USA
CA



Coast Copper Corp
Symbol COCO
Shares Issued 64,801,690
Close 2024-02-12 C$ 0.045
Market Cap C$ 2,916,076
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Coast Copper stakes claims next to PJX's discoveries

2024-02-12 11:39 ET - News Release

Mr. Adam Travis reports

COAST COPPER ACQUIRES GROUND ADJACENT TO PJX RESOURCES NEW SULLIVAN STYLE MINERALIZATION DISCOVERY

Coast Copper Corp. has staked the Sully mineral claims adjacent to PJX Resources Inc.'s recent massive sulphide zinc, lead and silver discoveries located approximately 35 kilometres east of the past-producing Sullivan mine (which was in operation from 1900 to 2001) near Kimberley, B.C.

The Sully property comprises three mineral claims covering 5,134.52 ha and located adjacent to PJX where it announced that it recently discovered significant zinc and lead mineralization in outcrops that further supports the potential to discover a Sullivan-type mineral occurrence on the PJX property. The Sully property covers ground that hosts the strike extension to the north of the favourable Aldridge formation, cross-structures to the northeast and additional ground to the east of the PJX discovery. Historical regional geochemical surveys (RGS) on the Sully property have returned anomalous results of silver and lead in-stream sediments which warrant further investigation as well as follow-up on the 1999 discovery of tetrahedrite (silver mineral) in brecciated limestone at the Red zone and unexplained lead, zinc, silver and gold anomalies in soils to the north. Rock grab sample 125679 taken in 1999 by Adam Travis returned 1.675 grams per tonne gold, 228 g/t silver, 3.83 per cent copper, 3,010 parts per million lead and 4,270 ppm zinc and attest to exploration potential of the area within 10 km of the new PJX discovery.

Mr. Travis, chief executive officer of Coast Copper, comments: "Although we remain focused on our flagship Empire mine property and continue to expand our understanding of the past producing Benson Lake and Merry Widow mines as well as prepare for future drill programs, this opportunity to acquire ground adjacent to the newly discovered Sullivan-style mineralization by PJX Resources was too good to pass up, especially considering the only cost to the company was staking fees. I previously worked in the area in 1999 under the Prospectors Assistance Program and made new silver, gold, lead and zinc discoveries and we are excited to get back to the region and follow up some of my previous anomalies in the context of these new discoveries by PJX."

Qualified persons

The technical information contained in this news release has been prepared, reviewed and approved by Wade Barnes, PGeo (B.C.), Coast Copper's geological consultant and a qualified person within the context of the Canadian Securities Administrators' National Instrument 43-101; Standards of Disclosure for Mineral Projects.

About Coast Copper Corp.

Coast Copper's exploration focus is the optioned Empire mine property, located on northern Vancouver Island, B.C., which covers three historical open pit mines and two past-producing underground mines that yielded iron, copper, gold and silver. Coast Copper's other properties include its 100-per-cent-owned Knob Hill NW property located on northern Vancouver Island, its Home Brew property in central B.C., and its Scottie West property located in the Golden Triangle of Northern B.C. Coast Copper's management team continues to review precious and base metals opportunities in western North America.

We seek Safe Harbor.

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